In a report issued on March 7, Christopher Rolland from Susquehanna reiterated a Hold rating on Lattice Semiconductor (LSCC – Research Report), with a price target of $68.00. The company’s shares closed last Tuesday at $54.22.
According to TipRanks.com, Rolland is a top 25 analyst with an average return of 25.9% and a 74.3% success rate. Rolland covers the Technology sector, focusing on stocks such as Advanced Micro Devices, NXP Semiconductors, and Power Integrations.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lattice Semiconductor with a $79.50 average price target.
Based on Lattice Semiconductor’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $142 million and net profit of $28.53 million. In comparison, last year the company earned revenue of $107 million and had a net profit of $15.99 million.
Based on the recent corporate insider activity of 137 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LSCC in relation to earlier this year.
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Lattice Semiconductor Corp. designs, develops and markets programmable logic products and related software. The company includes semiconductor devices, evaluation boards, development hardware, and related intellectual property licensing, services, and sales. It provides smart connectivity solutions powered by its low power FPGA, video ASSP, millimeter wave, and IP products to the consumer, communications, industrial, computing, and automotive markets. The company was founded in 1983 by Samir Palnitkar and is headquartered in Hillsboro, OR.
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